Steemit is a website owned by Steemit.inc. It's like Facebook or Google that has a company behind.
The STEEM blockchain however, is the open public decentralized blockchain that powers the content management system of all the Dapps (decentralized apps ) that is built on it.
Steemit and Steem is not the same thing. You need to understand that. Unfortunately it's been heavily conflated due in part to lack of marketing and user confusion and spread of false information by a majority of websites.
So if you're asking about the STEEM blockchain, technically as long as there is a node running the blockchain, it will survive. anyone can run a node with the right tool, and being voted as a top witness (node) pays VERY WELL.
So i dont see how people would give up running a node anytime soon.
I think it depends on how valuable Steemit becomes. If there are more users that use it and there is an intrinsic value towards the keeping of Steem Tokens, I guess it can last for generations and I think may evolve into something that is new. It is currently worth around 340 million if i am not mistaken in total market capitalization. Correct me if i am wrong. Hehehe. One thing I am rather excited is that it can be converted to Bitcoins.
View this answer on Musing.io
View this answer on Musing.io
Steemit is a website owned by Steemit.inc. It's like Facebook or Google that has a company behind.
The STEEM blockchain however, is the open public decentralized blockchain that powers the content management system of all the Dapps (decentralized apps ) that is built on it.
Steemit and Steem is not the same thing. You need to understand that. Unfortunately it's been heavily conflated due in part to lack of marketing and user confusion and spread of false information by a majority of websites.
So if you're asking about the STEEM blockchain, technically as long as there is a node running the blockchain, it will survive. anyone can run a node with the right tool, and being voted as a top witness (node) pays VERY WELL.
So i dont see how people would give up running a node anytime soon.
View this answer on Musing.io
View this answer on Musing.io
I think it depends on how valuable Steemit becomes. If there are more users that use it and there is an intrinsic value towards the keeping of Steem Tokens, I guess it can last for generations and I think may evolve into something that is new. It is currently worth around 340 million if i am not mistaken in total market capitalization. Correct me if i am wrong. Hehehe. One thing I am rather excited is that it can be converted to Bitcoins.
View this answer on Musing.io